British magazine publisher Future today declared a 30.6 million ($50.4M) loss for the first half of this year. The company announced 170 job losses and a deal to sell off some of its titles.

The company behind titles like Edge, PC Gamer and GamesMaster plans to shut down some of its games websites including CVG and Edge Online, according to UK trade site MCV. All its games operations currently operating in London will be relocated to lower cost headquarters in Bath, England.



http://www.polygon.com/2014/5/29/576...after-50m-loss